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Markets Jittery as Investors Continue to Avoid Taking Risks
Published: 19 Jan at 5 PM
Pound Sterling (GBP)
Pound movement has been mixed this week so far. While Sterling’s outlook is gradually improving on coronavirus recovery hopes, none of this week’s news has been optimistic enough to give the Pound the leg-up it needs to rally.
UK inflation rate data from December will be published tomorrow. It is unlikely to...
Pound (GBP) Rises After the Bank of England Eased Negative Interest Rate Fears
Published: 12 Jan at 5 PM
The Pound (GBP) rose today after the Bank of England (BoE) Governor, Andrew Bailey, quelled speculation of negative interest rates by saying there would be ‘a lot of issues with it’.
Andrew Bailey commented:
‘In simple economics and maths terms, there is nothing to stop it at all. However, there are a lot of issues...
Investors Hesitant to Make Big Moves as Markets Digest Day of US Political Chaos
Published: 7 Jan at 4 PM
Pound Sterling (GBP)
Sterling attempted recovery against many major currencies today. As markets digested Britain’s coronavirus situation, investors were willing to buy the British currency back from its cheapest levels despite disappointing UK PMIs.
Amid a lack of notable UK data due in the coming sessions, Pound movement is likely...
Rising Oil Prices Keep Pound to Canadian Dollar Exchange Rate Pressured
Published: 5 Jan at 5 PM
The British Pound to Canadian Dollar (GBP/CAD) exchange rate has been trending lower since markets opened this week.
As Britain’s coronavirus situation worsens, the Pound has been shedding appeal. The Canadian Dollar has been able to capitalise on Pound weakness thanks to higher oil prices. This is because the Canadian Dollar is often...
Pound (GBP) Struggles as New UK Lockdown Restrictions are Imminent
Published: 4 Jan at 5 PM
The Pound (GBP) struggled today following the news that the UK Prime Minister, Boris Johnson, would be announcing further updates on Covid-19 restrictions.
With Scotland already set to enter a full national lockdown, GBP investors are concerned that England could soon follow.
As a result, UK markets are becoming worried...
Pound (GBP) Rises After UK Regulator Approves New Covid-19 Vaccine
Published: 30 Dec at 4 PM
The Pound (GBP) rose today following the announcement that key UK regulator had approved the Oxford AstraZeneca Covid-19 vaccine.
As a result, Sterling investors are confident that the new vaccine, which requires a normal form of refrigeration and is easier to transport, could provide a lifeline for the British economy in...
Pound (GBP) Steadies as Hopes Grow Over Brexit Deal
Published: 15 Dec at 4 PM
The Pound (GBP) stabilised today as Brexit uncertainty has been tempered by the EU’s Chief Negotiator, Michel Barnier, who said that a Brexit deal could occur in just a matter of days.
This follows a significant concession from Prime Minister Boris Johnson on several key clauses which had previously impeded progress in...
Pound (GBP) Rises on Renewed Brexit Optimism in Critical Week
Published: 3 Dec at 5 PM
The Pound (GBP) rose today on a mixture of positive news about easing Covid-19 infections, according to the NHS Track-and-Trace app and encouraging news about a UK-EU post-Brexit trade deal being on the horizon.
Ireland’s Foreign Minister, Simon Coveney, said that a UK-EU trade deal could emerge in a matter of just...
Pound (GBP) Struggles as Doubts Continue to Grow Over Brexit
Published: 30 Nov at 4 PM
The Pound (GBP) struggled today as UK-EU trade talks are set to continue amidst rising concerns that the two sides could fail to come to a consensus on a post-Brexit trade agreement.
Last week saw the EU’s Chief Negotiator, Michel Barnier, express doubts over whether the two sides could secure a trade deal by the end of...
Currencies Jittery as Markets Become More Anxious about Brexit and Coronavirus Outlooks
Published: 26 Nov at 4 PM
Pound Sterling (GBP)
The Pound slipped back from its best levels today, as markets once again grew anxious about the fate of the Brexit process. UK and EU officials have shown mixed signals on how negotiations are going, which is causing no-deal Brexit fears to flare up again.
No notable UK data will be published tomorrow. This will...